Page 8 - Ben Luckock News Today

by Bloomberg |Monday, February 22, 2021 Trafigura Group sees oil markets firming in the coming months. Bloomberg) -- Trafigura Group sees oil markets firming in the coming months as most of the world emerges from lockdowns and production losses from the recent U.S. deep freeze add to a tighter supply outlook. “We have a strong market going into summer,” Ben Luckock, co-head of oil trading at the commodities trading giant, said in a Bloomberg Television interview. “We’re certainly very ...

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Oil rose toward $63 a barrel with investment banks and traders predicting the market will tighten further and push prices higher.

Oil Falls After Industry Report Shows Surprise U.S. Supply Rise Bloomberg 2/23/2021 Andres Guerra Luz and Alex Longley (Bloomberg) -- Oil declined in New York after an industry report showed U.S. crude stockpiles rose last week amid a spate of refinery outages from the country’s recent cold snap. The industry-funded American Petroleum Institute was said to report a 1.03 million-barrel build in domestic oil inventories, compared to expectations for a decline. At the same time...

Oil Falls After Industry Report Shows Surprise U.S. Supply Rise Bloomberg 2/23/2021 Andres Guerra Luz and Alex Longley (Bloomberg) -- Oil declined in New York after an industry report showed U.S. crude stockpiles rose last week amid a spate of refinery outages from the country’s recent cold snap. The industry-funded American Petroleum Institute was said to report a 1.03 million-barrel build in domestic oil inventories, compared to expectations for a decline. At the same time...

(Bloomberg) -- Trafigura Group sees oil markets firming in the coming months as most of the world emerges from lockdowns and production losses from the recent U.S. deep freeze add to a tighter supply outlook.“We have a strong market going into summer,” Ben Luckock, co-head of oil trading at the commodities trading giant, said in a Bloomberg Television interview. “We’re certainly very bullish most of the world in getting out of lockdowns this summer. So this market has...

Summer oil market looks strong after Texas freeze, says crude trader Trafigura By Andres Guerra Luz, Michael Tobin, Alix Steel and Guy Johnson on 2/22/2021 (Bloomberg) --Trafigura Group sees oil markets firming in the coming months as most of the world emerges from lockdowns and production losses from the recent U.S. deep freeze add to a tighter supply outlook. “We have a strong market going into summer,” Ben Luckock, co-head of oil trading at the commo...

Oil surged as traders and investment banks see global supplies rapidly tightening.

Governors Wind Energy Coalition Big Freeze in Texas Is Becoming a Global Oil Market Crisis Source: By Alex Longley, Bloomberg • Posted: Thursday, February 18, 2021 What began as a power issue for a handful of U.S. states is rippling into a shock for the world’s oil market. More than 4 million barrels a day of output — almost 40% of the nation’s crude production — is now offline, according to traders and executives. One of the world’s biggest oil refining center...

Texas Freeze Ignites Worldwide Crisis in Oil Market The supply chain has lost more than four million barrels per day, with refineries also slashing fuel production.  February 19, 2021 HOUSTON—What started as a power grid situation for some southern U.S. states has triggered a crisis across the globe in the oil market, Bloomberg reports. Nearly 40% of the U.S. crude production—more than four million barrels per day—has been shuttered, according to officials and traders. One of the largest...